Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019 b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019 c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c) a. The net operating profit after taxes is $ (Round to the nearest dollar) b. The operating cash flow (OCF) is $ . (Round to the nearest dollar.) c. The firm's free cash flow (FCF) is $ . (Round to the nearest dollar) d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). (Select all that apply) A. Keith Corporation has negative cash flows from operating activities. B. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus Investment in fixed and current assets. C. The FCF value is very meaningful because it shows that the cash flows from operatios are adequate to cover both operating expense plus investment in fixed and current asset D. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT E. Keith Corporation has positive cash flows from operating activities. Data Table (Click on the icon here spreadsheet.) in order to copy the contents of the data table below into a Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,470 $960 Marketable securities 1,830 1,230 Accounts receivable 2,020 1,820 Inventories 2,860 2,850 Total current assets $8,180 $6,860 Gross fixed assets $29,530 $28,120 Less: Accumulated depreciation 14,670 13,070 Net fixed assets $14,860 $15,050 Total assets $23,040 $21,910 Liabilities and Stockholders' Equity Accounts payable $1,630 $1,540 Notes payable 2,780 2,210 Accruals 210 340 Total current liabilities $4,620 $4,090 Long-term debt $5,090 $5,050 ked and ed and c Print Done Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,630 2,780 210 $4,620 $5,090 $9,710 $9,980 3,350 $13,330 $23,040 $1,540 2,210 340 $4,090 $5,050 $9,140 $9,980 2,790 $12,770 $21,910 (Click on the icon here spreadsheet.) in order to copy the contents of the data table below into a Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,650 367 1,804 21% Print Done